Nov 3, 2014 9:56 AM
Court rejects Argentina's appeal of $185M award
The Associated Press
WASHINGTON (AP) The Supreme Court has rejected Argentina's appeal of a British natural gas company's multimillion dollar award against the government.
The justices on Monday let stand without comment an arbitration tribunal's award of $185 million to BG Group in a dispute with Argentina over a natural gas development.
It was the second time the high court has considered the case. Earlier this year, the justices reversed the federal appeals court in Washington, D.C., which had thrown out the award.
In the latest appeal, Argentina argued that the tribunal disregarded the law in reaching its decision. But same federal appeals court ruled against Argentina.
The case is Argentina v. BG Group, 14-211.